Trading (AMBA) With Integrated Risk Controls
March 20, 2024, 15:18 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMBA
- Buy AMBA slightly over 41.22 target 51.02 stop loss @ 41.1 Details
The technical summary data tells us to buy AMBA near 41.22 with an upside target of 51.02. This data also tells us to set a stop loss @ 41.1 to protect against excessive loss in case the stock begins to move against the trade. 41.22 is the first level of support below 49.76 , and by rule, any test of support is a buy signal. In this case, support 41.22 would be being tested, so a buy signal would exist.
- Short AMBA slightly under 51.02, target 41.22, stop loss @ 51.17 Details
The technical summary data is suggesting a short of AMBA as it gets near 51.02 with a downside target of 41.22. We should have a stop loss in place at 51.17though. 51.02 is the first level of resistance above 49.76, and by rule, any test of resistance is a short signal. In this case, if resistance 51.02 is being tested, so a short signal would exist.
Swing Trading Plans for AMBA
- Buy AMBA slightly over 50.82, target 51.02, Stop Loss @ 50.67 Details
If 50.82 begins to break higher, the technical summary data tells us to buy AMBA just slightly over 50.82, with an upside target of 51.02. The data also tells us to set a stop loss @ 50.67 in case the stock turns against the trade. 50.82 is the first level of resistance above 49.76, and by rule, any break above resistance is a buy signal. In this case, 50.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AMBA slightly near 50.82, target 47.7, Stop Loss @ 50.97. Details
The technical summary data is suggesting a short of AMBA if it tests 50.82 with a downside target of 47.7. We should have a stop loss in place at 50.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 50.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AMBA
- Buy AMBA slightly over 50.82, target 51.02, Stop Loss @ 50.7 Details
If 50.82 begins to break higher, the technical summary data tells us to buy AMBA just slightly over 50.82, with an upside target of 51.02. The data also tells us to set a stop loss @ 50.7 in case the stock turns against the trade. 50.82 is the first level of resistance above 49.76, and by rule, any break above resistance is a buy signal. In this case, 50.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AMBA slightly near 50.82, target 48.88, Stop Loss @ 50.94. Details
The technical summary data is suggesting a short of AMBA if it tests 50.82 with a downside target of 48.88. We should have a stop loss in place at 50.94 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 50.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Ambarella Inc. (AMBA) available here: AMBA.
AMBA Ratings for March 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
41.22 |
| P2 |
47.09 |
47.7 |
51.02 |
| P3 |
48.88 |
50.82 |
61.48 |
AI Generated Signals for AMBA
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AMBA:
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